CandleFocus

$100 Million SHIB Thief Back and Dumping Ethereum Again

Author: Content Editor
Summary: The hacker responsible for breaching India's crypto exchange, WazirX, has moved 10,000 ETH, worth $23.3 million, in the past 24 hours. The funds were sent to Tornado Cash and a new address to obfuscate the stolen funds. The hacker has already laundered a total of 12,600 ETH, or $30.13 million, in the past eight days, bringing the total stash to 49,100 ETH, valued at $115 million. The breach of WazirX resulted in nearly a quarter of a billion dollars' worth of cryptocurrencies being stolen, with Ethereum being a significant target. The sale of 5.4 trillion Shiba Inu triggered an 8% drop in its price. WazirX's parent company, Zettai, has requested a temporary stay on obligations to restructure liabilities and compensate affected users. An independent audit found that the breach was a result of external vulnerabilities rather than internal weaknesses in Liminal Custody, WazirX's infrastructure provider.

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